Philippine Banknotes: 1981 10 Piso Ferdinand Marcos Overprint

On June 16, 1981, a presidential election was held. President Marcos won the election on a landslide victory with an 80% margin, making it the most lopsided presidential election ever in the country.

Marcos was sworn into power for the third time on June 30, 1981 at the Quirino Grandstand. In attendance was then U.S. Vice President George H.W. Bush.

To commemorate his third inauguration, Bangko Sentral ng Pilipinas was commissioned to release a commemorative overprint on the 10 Peso banknote of the “Ang Bagong Lipunan” series notes.

1981_10PISO_MARCOS_OVERPRINT_wtm

1981 10 PISO Marcos Overprint

1981_10PISO_MARCOS_OVERPRINT_CLOSE_wtm

“PANGULO NG PILIPINAS”
(President of the Philippines)
Bust of President Marcos
“FERDINAND E. MARCOS”
“HUNYO 30, 1981”
(June 30, 1981)

The opposition, UNIDO, boycotted the election. Apparently, the election would not be legitimate without a candidate from the opposition. Marcos allegedly coerced the Nacionalista Party to find a candidate to oppose him. Alejo Santos, then Bulacan Governor, was chosen to be Marcos’ opponent. With this, Marcos won overwhelmingly.

Benigno “Ninoy” Aquino Jr., who was 48 years old at the time and in exile in Massachusetts, was not allowed to participate since only people over 50 years of age were allowed to be a presidential candidate.

I got this banknote from an antique shop. Not a place where one would expect to find banknotes. It wasn’t cheap, but it was worth it.

Enjoy!

~ by MAV on January 7, 2015.

7 Responses to “Philippine Banknotes: 1981 10 Piso Ferdinand Marcos Overprint”

  1. “it wasn’t cheap”? like how much? this note can be purchased from BSP at P10 each! D:

    btw, nice blog! na-inspire ako mag collect ulitπŸ™‚

    • Hi. Thanks for visiting my blog. I got this for 50 Pesos. I know it’s a rip off price, but BSP is not exactly very accessible. Cash department is only open from 11 AM to 12 Noon, on weekdays. Btw, do you work for BSP?

  2. hindi po, pero sa bangko rin ako nagta-trabaho.πŸ™‚

  3. Hi! I just wanna ask if the Marcos 500-peso bill is legitimate? I’ve seen the information here: http://philmoney.blogspot.com/2014/06/500-peso-ferdinand-marcos-banknote.html

    Thank you!πŸ™‚

    • I have not seen one personally, but most collectors confirm its legit. however, most of it were destroyed when Marcos was removed from power.

      • So I assume it’s extremely rare. Thank you for the information!πŸ™‚

      • It is extremely rare. My guess is that only people inside Bangko Sentral were able to get a hold of the remaining prints on the bill. It would be nice to own the engraving plates for this banknote.

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